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Business

Ethiopian Airlines seals finance deal for new aircraft
published 6 days, 1 hour, 50 minutes ago posted by adminadmin 6 days, 1 hour, 52 minutes ago
Saturday, August 28, 2010 10:06:15 PM GMT Saturday, August 28, 2010 10:04:15 PM GMT
Information was received last week from Addis Ababa, that Ethiopian Airlines had signed a deal worth more than US$1.5 billion earlier that week with the American Export–Import Bank. The funds will be used to pay for five B777 and ten B787 aircraft presently on order from Boeing Corporation and due for delivery over the coming [...] (more)
Digg It category: Business | comment | | source: abbaymedia.com tags: Addis Ababa, Ethiopian Airlines

Visas for Ethiopian maids restricted
published 19 days, 4 hours, 7 minutes ago posted by adminadmin 19 days, 4 hours, 38 minutes ago
Sunday, August 15, 2010 7:48:39 PM GMT Sunday, August 15, 2010 7:18:16 PM GMT
The ministries of Foreign Affairs and Interior have decided not to grant visas to Ethiopian maids without the approval and authorization of the Ethiopian Embassy in Kuwait, reports Al-Watan Arabic daily. Sources say more than 10,000 Ethiopian maids have entered Kuwait without the knowledge of the embassy and without proper contracts. The number of Ethiopian maids in Kuwait is said to be over 30,000, excluding the non-registered ones who cause various problems, note sources. (more)
Digg It category: Business | comment | | source: www.arabtimesonline.com tags: ethiopia, Ethiopia export

Nile International Loses 12.5 Million Br Case in Absentia
published 19 days, 4 hours, 7 minutes ago posted by adminadmin 19 days, 4 hours, 36 minutes ago
Sunday, August 15, 2010 7:48:39 PM GMT Sunday, August 15, 2010 7:19:58 PM GMT
The Federal High Court's Eighth Civil Bench found Nile International Plc liable in absentia for 12.5 million Br with interest to be paid to Nile Business Group Plc on July 20, 2010, for failing to pay a promissory note of the same value to the latter. Nile International handed a promissory note of 12.5 million Br to Nile Business Group on May 8, 2009. The note, which was prepared in order to settle a previous loan received in kind from Nile Business Group, was due to be paid on June 7, 2010. (more)
Digg It category: Business | comment | | source: allafrica.com tags: Bank, business, ethiopia

Ethiopia: Addis, Adama Problem Prone Tax Zones - Tax Authority
published 23 days, 17 hours, 9 minutes ago posted by adminadmin 23 days, 17 hours, 11 minutes ago
Wednesday, August 11, 2010 6:46:37 AM GMT Wednesday, August 11, 2010 6:45:18 AM GMT
Melaku Fenta, director general of the ERCA, at the high-level tax payers' meeting answers the questions from the people gathered. Sitting on his right are Tewodros Tefera (centre), deputy director of operations of the ERCA, and Shewarega Tsegaye, office manager for the high-level taxpayers' branch. The city's business... (more)
Digg It category: Business | comment | | source: allafrica.com tags: adama, Addis Ababa, business, economy

Farmers in Kansas seek to expand test plots of Ethiopian grain into marketable fields of teff
published 32 days, 18 hours, 13 minutes ago posted by adminadmin 32 days, 18 hours, 25 minutes ago
Monday, August 02, 2010 5:42:56 AM GMT Monday, August 02, 2010 5:30:56 AM GMT
Teff is gluten free and known for its flood and drought resistance. This year 150 acres was planted in Kansas, down from the 250 acres projected due to untimely rains. (Injera) By Roxana Hegeman WICHITA, Kan. (AP) – When black farmers in Kansas first began growing an Ethiopian cereal grain known as teff five years ago, they were [...] (more)
Digg It category: Business | comment | | source: www.tadias.com tags: business, Diaspora, injera, Teff

allAfrica.com: Ethiopia: Former CEO Proposes Provision of Wind Turbines
published 35 days, 19 hours, 57 minutes ago posted by adminadmin 35 days, 20 hours, 5 minutes ago
Friday, July 30, 2010 3:59:28 AM GMT Friday, July 30, 2010 3:50:39 AM GMT
Aetopic Energy Plc, the company cofounded by Ahmed Kello (PhD), former CEO of Ethiopian Airlines, proposed to the Ethiopian Electric Power Corporation (EEPCo) early in June to provide wind turbine parts for the Aysha Wind Park Project in Dire Dawa. (more)
Digg It category: Business | comment | | source: allafrica.com tags: business, EEPCO, Electric Power, ethiopia

Habesha Looking to Buy State Brewery
published 35 days, 19 hours, 57 minutes ago posted by adminadmin 35 days, 20 hours, 2 minutes ago
Friday, July 30, 2010 3:59:28 AM GMT Friday, July 30, 2010 3:53:37 AM GMT
The newly formed Habesha Breweries SC is to make an offer for one of the three state owned breweries, Meta Abo, Harar, or Bedele, that are to be put up for auction this year by the Privatisation and Public Enterprises Supervising Agency (PPESA). The three beer companies were initially slotted to be sold in 2013/... (more)
Digg It category: Business | comment | | source: allafrica.com tags: business, ethiopia

Sheik Al Amoudi to get $564 Million at new Oromia gold mine
published 35 days, 19 hours, 57 minutes ago posted by adminadmin 35 days, 20 hours ago
Friday, July 30, 2010 3:59:28 AM GMT Friday, July 30, 2010 3:56:16 AM GMT
Sheik Mohammed Hussein Ali Al-Amoudi’s Midroc Gold, the only corporate level gold mine in the nation, has sold the total amount of gold it had planned for its annual export. However, it benefited from the global price situation; it actually earned most of the 281.3 million dollars. (more)
Digg It category: Business | comment | | source: jimmatimes.com tags: Al Amoudi, business, gold, Midroc

Ethiopia/TPLF Cracks Down on Non-Governmental Organizations
published 53 days, 16 hours, 31 minutes ago posted by adminadmin 53 days, 16 hours, 38 minutes ago
Monday, July 12, 2010 7:25:14 AM GMT Monday, July 12, 2010 7:18:26 AM GMT
By Ganiyat Adeyemo African Interest Online The number of nongovernmental organizations (NGOs) in Ethiopia has dropped by more than 50 per cent in the past year as a result of a new law that cracks down on civil society. An … (more)
Digg It category: Business | comment | | source: ecadforum.com tags: business, eprdf, ethiopia

Photo Journal: 5th Ethiopian Diaspora Business Forum and Exhibition in DC
published 53 days, 16 hours, 31 minutes ago posted by adminadmin 53 days, 16 hours, 32 minutes ago
Monday, July 12, 2010 7:25:14 AM GMT Monday, July 12, 2010 7:24:29 AM GMT
Tadias caught part of the 5th Annual Ethiopian American Business Forum & Exhibition in D.C. (more)
Digg It category: Business | comment | | source: www.tadias.com tags: business, Diaspora, ethiopia

የቱርክ ኩባንያ ለገጣፎ ውስጥ የ20 ቢሊዮን ዶላር የኢንዱስትሪ ዞን ይገነባል
published 80 days, 17 hours, 4 minutes ago posted by adminadmin 80 days, 17 hours, 5 minutes ago
Tuesday, June 15, 2010 6:52:04 AM GMT Tuesday, June 15, 2010 6:51:04 AM GMT
1400 ሔክታር መሬት በአነስተኛ ዋጋ ይሰጠዋል እስከ 20 ቢሊዮን ዶላር የሚሆን ወጪ የሚጠይቁ ኢንዱስትሪዎች ይገነቡበታል የተባለውና በኢትዮጵያ ትልቁን በኢንዱስትሪ መንደር ለማቋቋም የሚያስችል ስምምነት፣ በኢትዮጵያ መንግሥትና አክጉን በተባለ የቱርክ ኮንስትራክሽን ኩባንያ መካከል  ተፈረመ፡፡ የኢንዱስትሪ ዞኑን ለማቋቋም አራት ቢሊዮን ዶላር ወጪ ይጠይቃል፡፡ (more)
Digg It category: Business | comment | | source: www.ethiopianreporter.com tags: business, ethiopia, Ethiopia Industry

Chinese company approaches Ethiopian market with latest technology
published 91 days, 21 hours, 16 minutes ago posted by adminadmin 91 days, 21 hours, 46 minutes ago
Friday, June 04, 2010 2:40:26 AM GMT Friday, June 04, 2010 2:10:15 AM GMT
A Chinese electronics manufacturer, namely Hisense, is promoting latest technology in Ethiopian market. Hisense has supplied modern electronics products of high technology to local customers in the country. While covering the 3rd National Information Communication Technology (ICT) Exhibition at the Addis Ababa Exhibition Center on Thursday, Xinhua has learnt that local customers are highly attracted with the products displayed by Hisense. (more)
Digg It category: Business | comment | | source: english.people.com.cn tags: Addis Ababa, ethiopia

$12 Cup Ethiopian Coffee Raising Eyebrows
published 121 days, 18 hours, 27 minutes ago posted by adminadmin 121 days, 18 hours, 34 minutes ago
Wednesday, May 05, 2010 5:29:18 AM GMT Wednesday, May 05, 2010 5:22:08 AM GMT
Café Grumpy, a local coffee shop chain here in New York, is raising eyebrows with its new menu item - an expensive cup of joe from Ethiopia. (more)
Digg It category: Business | comment | | source: www.tadias.com tags: business, Coffee

Turkish textile factory opens
published 121 days, 18 hours, 27 minutes ago posted by adminadmin 121 days, 18 hours, 31 minutes ago
Wednesday, May 05, 2010 5:29:18 AM GMT Wednesday, May 05, 2010 5:25:26 AM GMT
The giant textile factory, established with an investment of over 100 million dollars, was inaugurated on Friday, April 30. Ministers and government officials attended the event in Alem Gena, which is around 20 kilometres west of Addis Ababa. Pictured here are, from left to right, Yusuf Aydeniz, Chairman of AYKA textile; Prime Minister Meles Zenawi; and Girma Birru, Minister of Trade and Industry. The Turkish Prime Minister Recep Tayyip Erdogan was expected, but failed to attend. The factory is expected ... (more)
Digg It category: Business | comment | | source: www.capitalethiopia.com tags: business, ethiopia, Investment

ሌተና ጄነራል ፃድቃንና አቶ ኢየሱስ ወርቅ ራያ ቢራ አክሲዮንን እያደራጁ ነው
published 124 days ago posted by adminadmin 124 days, 8 minutes ago
Sunday, May 02, 2010 11:55:37 PM GMT Sunday, May 02, 2010 11:47:36 PM GMT
የቀድሞው የመከላከያ ሚኒስቴር ጠቅላይ ኤታማዦር ሹም፣ ሌተና ጄኔራል ፃድቃን ገብረ ትንሣኤና የኢትዮጵያ ንግድና ዘርፍ ማኅበራት ም/ቤት ፕሬዚዳንት አቶ ኢየሱስ ወርቅ ዛፉ በዋና አደራጅነት የሚመሩት ራያ ቢራ አክሲዮን ኩባንያ የአክሲዮን ሽያጭ ሊጀምር መሆኑን አስታወቀ፡፡ (more)
Digg It category: Business | comment | | source: www.ethiopianreporter.com tags: business, eprdf

ኢትዮጵያ ውስጥ አውቶቡስ ሊሠራ ነው
published 124 days ago posted by adminadmin 124 days, 3 minutes ago
Sunday, May 02, 2010 11:55:37 PM GMT Sunday, May 02, 2010 11:53:21 PM GMT
በኢትዮጵያ የመጀመሪያው የቤት መኪና በመገጣጠም የሚታወቀውና ”ሆላንድ ካር” የተሰኘው ኃ.የተ.ኩባንያ፤ ሁለት አይነት የህዝብ ማመላለሻ አውቶቡሶችን ኢትዮጵያ ውስጥ መሥራት ሊጀምር መሆኑን አስታወቀ። አንደኛው 130 ሰዎች የሚጭን ሲሆን፤ ሁለተኛው ደግሞ ባለአንድ ፎቅና 240 ሰዎችን የሚጭን መሆኑን አስታውቋል። (more)
Digg It category: Business | comment | | source: www.ethiopiazare.com tags: business, ethiopia

Ethiopia-Flower-flight-ban
published 130 days, 17 hours, 14 minutes ago posted by adminadmin 130 days, 17 hours, 37 minutes ago
Monday, April 26, 2010 6:42:24 AM GMT Monday, April 26, 2010 6:18:30 AM GMT
Addis Ababa ((Ethiopia) The cancellation of freights to Europe over volcano eruption in Iceland is currently disrupting Ethiopia’s flower exports raising fears that the industry mightloose millions of dollars. Some flower exporters told APA that due to the last week’s cancellation of flights, many flower exporters are unable to send any flower to the European market. Tesema [...] (more)
Digg It category: Business | comment | | source: awramba.com tags: ethiopia, Ethiopia export, Flower Export

Ethiopia: Guilty plea in D.C. taxi industry bribe probe
published 138 days, 17 hours, 52 minutes ago posted by adminadmin 138 days, 18 hours, 1 minute ago
Sunday, April 18, 2010 6:03:37 AM GMT Sunday, April 18, 2010 5:55:15 AM GMT
A man who advocated for Ethiopian taxi drivers in the District admitted in federal court Wednesday that he was part of a conspiracy in which public officials received or were offered $270,000 in cash, trips, limousine rides and other perks in exchange for favors. Abdulaziz Kamus pleaded guilty in U.S. District Court to paying bribes [...] (more)
Digg It category: Business | comment | | source: ecadforum.com tags: Diaspora, ethiopia

20 ሚሊዮን ብር ለኢህአዲግ ከንግዱ ማኅበረሰብ
published 138 days, 17 hours, 52 minutes ago posted by adminadmin 138 days, 17 hours, 58 minutes ago
Sunday, April 18, 2010 6:03:37 AM GMT Sunday, April 18, 2010 5:58:27 AM GMT
ባለፈው እሁድ ሚያዝያ 3 ቀን 2002 ዓ.ም. የወጣው በሀገር ቤት የሚታተመው የእንግሊዝኛው ”ፎርቹን” ጋዜጣ በንግድ ሥራ የተሰማሩ ግለሰቦች ለኢህአዲግ ማጠናከሪያ ይሆን ዘንድ 20 ሚሊዮን ብር እንዳዋጡ ዘገበ። ’እሰየው!’ የሚያሰኝ ክንውን ነው - ከምርጫ 97 በኋላ የንግዱ ማኅበረሰብ እንዲህ በግላጭ የሚደግፈውን ፓርቲ ማሳወቁ ’ይበል!’ የሚያሰኝ ነው። በንግድ ሥራ የተሰማሩ ግለሰቦች እንዲህ በድፍረት የሚደግፉትን ፓርቲ ሲያሳውቁ ለሁሉም ጥሩ ነው። እያንዳንዱ ግለሰብ የፈቀደውን ፓርቲ የመደገፍ መብት አለውና። (more)
Digg It category: Business | comment | | source: www.ethiopiazare.com tags: election 2002, eprdf, Meles Zenawi

Sheraton to Finally Displace 3,000-Plus Homes
published 142 days, 17 hours, 19 minutes ago posted by adminadmin 142 days, 17 hours, 21 minutes ago
Wednesday, April 14, 2010 6:37:09 AM GMT Wednesday, April 14, 2010 6:35:02 AM GMT
Finally, work is to begin on the relocation of residents of more than 3,000 houses on the 42ht of land that has been designated for the expansion of the Sheraton Hotel; the cash strapped administration has been given 151 million Br from Mohammed Hussein Ali Al Amoudi to expedite the process. (more)
Digg It category: Business | comment | | source: allafrica.com tags: Addis Ababa, Al Amoudi, ethiopia, Midroc
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